By Yakubu LAAH InvestAddvocate

Lagos (INVESTADVOCATE)-Nigerian tier one lender, Guaranty Trust Bank Plc (GTBank) said on Wednesday its 2014 third quarter (Q3) profit after tax (PAT) dropped 3.6 percent to N66.7 billion from N69.2 billion in the same period of 2013.

Also, profit before tax (PBT) declined 2.0 percent to N81 billion from N82.3 billion recorded the corresponding quarter of 2013.

The lender said its gross earnings climbed up 9.5 percent to N199.2 billion from N182 billion in the Q3 of 2013.

Similarly, fully diluted earnings per share dropped to a negative 3.7 percent from N2.44 in the Q3 of 2013 to N2.35 in the review period of 2014.

However, at the end of trading on the Nigerian bourse on Wednesday, share price of the bank gained 0.27 kobo as it opened N27.14 and closed N27.41; gaining 0.99 percent.